Last week (Feb 20 thru Feb 24) investors just like you were able to buy properties at tremendous discounts at the local Trustee’s Sales held in Santa Ana and Orange. A Villa Park Foreclosure led the way in bargains, netting one buyer over $800,000 in instant equity, followed by a Mission Viejo foreclosure that gave that buyer over $240,000 in instant equity. Take a look at some of the properties people bought at last week’s sales:

Address

City

Lot

Sq Ft

BD-BA

Value

Sold Amt

Equity

*MESA DR

VILLA PARK

25000

7196

3-2.5

$1,889,238

$1,062,500

$826,738

*TEAKWOOD

MISSION VIEJO

NA

NA

NA

$867,532

$620,100

$247,432

* CORDERO

IRVINE

NA

2366

3-2.5

$716,941

$602,000

$114,941

*NADINE CIR

GARDEN GROVE

NA

1470

4-2

$382,376

$315,100

$67,276

*BAYFRONT LN 102

HUNTINGTON BEACH

NA

1107

2-2

$294,917

$228,700

$66,217

*S PACIFIC AVE 43

SANTA ANA

140698

805

2-1.5

$116,373

$61,913

$54,460

*VALLECITO

FOOTHILL RANCH

NA

NA

NA

$494,117

$441,200

$52,917

*LARGO ST

LAGUNA NIGUEL

NA

1099

2-2

$237,054

$185,000

$52,054

*N VOYAGER LN

ANAHEIM

4014

1461

2-2

$313,677

$270,100

$43,577

*ELMHURST ST

LADERA RANCH

NA

NA

NA

$379,321

$336,100

$43,221

*WESTWOOD LN 31

HUNTINGTON BEACH

NA

1004

2-1.5

$218,581

$175,500

$43,081

*MONTEREY PL

FULLERTON

NA

1474

3-2.5

$341,378

$314,900

$26,478

Source: CountyRecordsResearch

These are nice properties in great areas; don’t make the mistake of thinking the only available properties are in undesirable areas. There are San Clemente foreclosures, Laguna Niguel foreclosures, Brea foreclosures, Westminster foreclosures and Garden Grove foreclosures. There are beautiful properties all over the Southland that are going to foreclosure sale, as well as many foreclosures in Clark County Nevada. Any property can be in foreclosure. There are commercial foreclosures, condominium foreclosures, Multi-Unit Foreclosures, and more. Any Real Estate in Default due to missed payments can go to the auction, and it is at the auction that lenders deeply discount these properties for a fast sale. You may be looking for a Beach Home or a Mountain Cabin. There are new foreclosure properties every day.

To buy properties at these incredible discounts, you need to find out when the sales are taking place, find out which loan is foreclosing, research the property, and finally you need to attend the sales to bid on your selected properties. County Records Research, a local OC company operating in Huntington Beach, has been providing this type of information to real estate investors for over 30 years. CRR provides information on defaulted properties throughout the state of California and Clark County, NV (www.CountyRecordsResearch.com).

Look at some of the properties going to sale next week:

Address

City

Lot

Sq Ft

BD-BA

Value

Drop Bid

Equity

*CANYON DR

COSTA MESA

7800

4034

NA

$1,168,753

$643,500

$525,253

*OAKLEY TER

IRVINE

10150

2640

4-2.5

$1,344,957

$978,750

$366,207

*FALLING LEAF DR

LAGUNA HILLS

NA

3204

4-3

$728,448

$382,500

$345,948

*AINSLEY DR

HUNTINGTON BEACH

NA

NA

NA

$887,381

$630,450

$256,931

*S ARAPAHO DR

SANTA ANA

NA

1985

4-2

$489,997

$283,275

$206,722

*S JENNIFER LN

ORANGE

NA

2000

4-2.5

$529,884

$335,000

$194,884

*SANTA CLARA ST

FOUNTAIN VALLEY

7200

1780

3-2

$543,915

$369,731

$174,184

*MEADOWOOD CIR

HUNTINGTON BEACH

NA

2236

3-2.5

$693,160

$524,250

$168,910

*COLTON ST

NEWPORT BEACH

2400

1573

3-2

$869,784

$706,500

$163,284

*WALLACE AVE

COSTA MESA

7810

1214

4-2

$448,385

$286,785

$161,600

*STURGEON DR

COSTA MESA

6386

2166

3-2

$572,759

$413,550

$159,209

*DURYEA DR

LAKE FOREST

7440

2117

4-2

$534,966

$382,050

$152,916

Given the fact that Postponements continue to dominate at the trustee sales, many potential buyers have been sidelined due to their inability to miss work to attend all the sales. To address this need, County Records Research offers Trustee Sale Bidding Services to potential buyers at the Orange and Los Angeles County sale locations. To find out how it works, go to www.countyrecordsresearch.com, click on the Trustee Sale Bidding Service icon at the top of the page, then click on the links to view screen capture tutorials on YouTube to get a detailed description of how the process works.

The number of properties being sold to third party bidders is increasing every month. The estimated minimum bid is being slashed on most trustee sales, providing an opening bid that discounts properties enough to generate demand from smart investors. These properties are finally being priced to sell, so don’t miss out on the best opportunity in 25 years to buy real estate for below market value.

County Records Research has been providing daily default and foreclosure lists, mentoring and educational services to California real estate investors for over 30 years. Call their office at (800) 664-2567 to speak with one of their seasoned staff members, or log into their website at www.countyrecordsresearch.com and start building your portfolio. Get a FREE 5 day trial by entering Promo Code OCRR5.

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